Stratos Investment Management LLC Acquires 9,696 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Stratos Investment Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,997 shares of the information services provider’s stock after buying an additional 9,696 shares during the quarter. Alphabet comprises approximately 1.9% of Stratos Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Stratos Investment Management LLC’s holdings in Alphabet were worth $27,033,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GOOGL. Christopher J. Hasenberg Inc lifted its stake in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $30,000. Kings Path Partners LLC bought a new stake in shares of Alphabet in the second quarter worth $36,000. Denver PWM LLC acquired a new position in Alphabet during the second quarter worth $41,000. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Tuesday, October 15th. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Tigress Financial increased their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. Finally, Mizuho raised their target price on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Stock Up 0.9 %

Shares of NASDAQ GOOGL opened at $166.72 on Tuesday. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 25.57, a PEG ratio of 1.27 and a beta of 1.04. The stock’s fifty day moving average is $161.95 and its 200 day moving average is $168.65. Alphabet Inc. has a 52 week low of $122.68 and a 52 week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $153.75, for a total value of $123,000.00. Following the completion of the sale, the director now directly owns 28,524 shares in the company, valued at $4,385,565. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 in the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.